The "BEG" Three

I have a real hard time believing that we need to save the automobile industry. First, would you go to a bank and ask for a loan but not have a dollar amount rather say it is substantial? Second when you go to a bank for a loan would you spend $20K for your trip to the bank instead of paying a much lower amount which gets you there just as conveniently?

Here is my two cents on what should happen. First of all the automotive industry should not be bailed out. This will do two things 1. It will bust the union which will ultimately shift the supply curve to the right for the BEG three. Second it will force the BEG's to develop a more competitive product. Sure there will be job losses from suppliers but that will only make them create a more competitive product. As for the union, it needs to be broke and the union members need to find a way to make them more competitive instead of being complacent and inefficient. I never wish anyone the fortune of being laid off but if you are you need to realize there is no difference between selling brake pads and selling your self to a potential employer. I agree Unions in the past were good but now in this economy do nothing but protect the weak and hurt business practices...think about is Wal-Mart asking for a bail out?

Finally another note, why did (the US Government) act so quick on the banking industry? Even with the bail out they are still failing with stock falling 20 some percent yesterday.Shouldn't they be required to make a more competitive product?